The Captive Insurance Company Act of 2000 provides significant new opportunities for large organizations to insure themselves instead of seeking insurance on the commercial market.  A captive insurance company, or captive, is an insurance company owned by members of a common industry or trade association in order to share the risks of that industry among its members.   

Why form a captive?

Captives allow associations, organizations and groups to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers. The potential advantages of such self-insurance include lower costs, protection better tailored to the organization's needs, more control over risks, and tighter control over financial resources.

• DC Captive Domicile Profile
• Forming a Captive in the District of Columbia
• BULLETIN: Captive Application Procedures*
• Application for Admission (Form CAP0102)*
• Business Plan Summary (Form CAP0202)*
• Biographical Affidavit (Form CAP0302)*
• Application for Approval as a Captive Manager (Form CAP0402)*
• Take a Fresh Look*